The UK government is meeting with leaders from banking, venture capital and strategic finance in the hopes of encouraging significant investment into the defence industry. Defence Secretary John Healey and Chancellor Rachel Reeves will explore private investment can be used to drive growth in the defence sector and improve the
Oscar Hornstein
The UK government is meeting with leaders from banking, venture capital and strategic finance in the hopes of encouraging significant investment into the defence industry.
Defence Secretary John Healey and Chancellor Rachel Reeves will explore private investment can be used to drive growth in the defence sector and improve the UK’s military readiness as part of a meeting of the Defence Investors’ Advisory Group (DIAG).
Through the DIAG, the Ministry of Defence (MoD) hopes to deepen ties between the government and the financial sector.
“In a more dangerous world, our national security is the guarantor of our economic security and investment confidence. A strong UK economy needs strong UK defence,” said Healey.
“The chancellor and I are determined to bring together investors in a new partnership that delivers for our security, for our economy and for hard-working families up and down the country.
“As part of this, we are exploring how private investment can be leveraged to help build the defence capability Britain needs – creating jobs, making defence an engine for growth and making every pound go further.”
Reeves added: “National security is this government’s first responsibility, and in an increasingly uncertain world we must explore how we can leverage private sector investment and expertise to keep the country safe.”
